Skip to Content
ETFs

GraniteShares ETF Trust GraniteShares 1.25x Long TSLA Daily ETF

TSL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 09 2022
Expense Ratio
1.15%
Type
US Equities
Fund Owner
GraniteShares
Volume (1m avg. daily)
$1,314,146
AUM
$4,663,436
Associated Index
None
Inverse/Leveraged
Leveraged (1.25x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

TSLA
Tesla Inc
123.84%
n/a
US Dollars
37.73%
TSLA
Tesla Inc
-130.96%
Invest with TSL

What is TSL?

The Fund seeks daily investment results, before fees and expenses, of 1.25 times (125%) the daily percentage change of the common stock of Tesla Inc, (NASDAQ: TSLA). Tesla, Inc. (TSLA) designs, develops, manufactures, leases, and sells electric vehicles, energy generation and storage systems in the United States, China, and internationally. The company operates in two segments: automotive,energy generation and storage.

ETFs related toTSL

ETFs correlated to TSL include TSLL, TSLY, ARKQ

TSL
GraniteShares ETF Trust - GraniteShares 1.25x Long Tesla Daily ETF
TSLL
Direxion Shares ETF Trust - Direxion Daily TSLA Bull 1.5X Shares
TSLY
TIDAL ETF TRUST II - YieldMax TSLA Option Income Strategy ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
WANT
Direxion Shares ETF Trust - Direxion Daily Consumer Discretionary Bull 3X Shares
XLY
SSgA Active Trust - Consumer Discretionary Select Sector SPDR
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
VCR
Vanguard Group, Inc. - Vanguard Consumer Discretionary ETF
FDIS
Fidelity Covington Trust - Fidelity MSCI Consumer Discretionary Index ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTSL

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with TSL using Composer

FAQ

TSL is a US Equities ETF. The Fund seeks daily investment results, before fees and expenses, of 1.25 times (125%) the daily percentage change of the common stock of Tesla Inc, (NASDAQ: TSLA). Tesla, Inc. (TSLA) designs, develops, manufactures, leases, and sells electric vehicles, energy generation and storage systems in the United States, China, and internationally. The company operates in two segments: automotive,energy generation and storage.

Yes, TSL is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TSL is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TSL is -0.0831%. This is the percent change in the value of TSL over the most recent 1-month period. The 3-month return on TSL is 0.4356%. This is the percent change in the value of TSL over the most recent 3-month period.

ETFs similar to TSL include TNA, SDS, and SH.

ETFs correlated to TSL include TSLL, TSLY, and ARKQ.

ETFs that are inversely correlated to TSL include TSLS, TSLQ, and SARK.

Yes, TSL is a Leveraged (1.25x) ETF.

Yes, TSL is a Leveraged (1.25x) leveraged ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.